A PYMNTS Company

Canada: After filing mistake, Commission defeated by realtors

By  |  April 16, 2013

In a costly mistake for the firmer competition authority of Ottawa, Canada’s Competition Tribunal ended a high-profile case by ruling against the watchdog and in favor of the Toronto Real Estate Board. According to reports, it was a filing technicality that determined the case’s result, as a suit filed by the commission against the real estate board was filed under the wrong section of the Competition Act. Interim Commissioner of Competition John Pecman said his office is “disappointed” by the decision, which was made public by the tribunal this week. According to the ruling, the allegations of anticompetitive practices were filed under the 2012 Abuse of Dominance Guidelines; the tribunal noted that the proper filing would have fallen under Section 90 of the Act, which concerns behavior by trade associations. Pecman announced that his office will review their next options.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: The Star

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.